George Lee, previously co-head with Noto, is now chairman of the group.

Having finished third in Dealogic’s rankings for technology targeted M&A last year, behind both JP Morgan and Barclays, the bank is now way out ahead.

Goldman Sachs has already worked on seven deals worth a total of $7.2 billion this year, according to Dealogic. It worked on 25 deals worth $52.3 billion in 2013. Among its high-profile mandates is a role advising Lenovo on its $2.3 billion offer for IBM’s low-end server business, in what would be one of China’s biggest-ever technology deals.

The bank's closest rivals this year are Lazard, which has only advised on one deal, Google's $3.2 billion acquisition of Nest Labs last month; and Bank of America Merrill Lynch, which is on the opposite side to Goldman Sachs on the Lenovo deal, advising IBM.